The first foreign bank in Vietnam, Shinhan Bank has achieved Basel II norms, with its capital adequacy ratio (CAR) of 18.05 per cent being much higher than the minimum required CAR of 8 per cent. … [Read more...] about Shinhan Bank Vietnam assigned stable outlook by S&P
Banks
Banks warn customers about fraud during Tết
Vietcombank stressed that it never asks its customers to provide personal information, except when customers ask for the bank’s support and the information is needed to verify the customer’s identity. Also, the bank does not ask customers to provide passwords to bank accounts or one-time passwords for online transactions or to transfer money. Therefore, all such requests are from criminals. … [Read more...] about Banks warn customers about fraud during Tết
Medium- and long-term capital pressure forces banks to hike rates
VietCapitalBank has just officially announced the issuance of CDs for individual and institutional customers with interest rates of up to 10.2 percent per year.pressure is making deposit interest rates high and even higher in the coming time. As the capital demand of businesses and business households sharply increases during the year-end period, banks need to increase the mobilisation of capital to meet credit growth. … [Read more...] about Medium- and long-term capital pressure forces banks to hike rates
Banks race to lower interest rates – “Headwind” amid credit season
Massive interest rate reductionshort-term VND loans for agriculture, rural development, export, supporting industry, small- and medium-sized enterprises (SMEs) and businesses applying high technologies will be reduced from 6.5 percent per annum to 6 percent per annum. … [Read more...] about Banks race to lower interest rates – “Headwind” amid credit season
Cutting central bank’s interest rate to stabilise lending rates
“Recently, commercial banks have pushed up deposit rates quite high, thus widening the gap between deposit rates of State-owned commercial banks and major joint stock commercial banks. However, with over 70 percent of deposits and loans, State-owned commercial banks and major joint stock commercial banks play a decisive role in the common interest rate trend of Market 1,” an SSI expert said. /. … [Read more...] about Cutting central bank’s interest rate to stabilise lending rates
